https://www.taxtmi.com/forum/issue?id=109363 Whether an unutilized CENVAT credit balance is refundable on company closure is contested: the Department generally treats such balances as lapsed and resists cash refunds except in export-related cases; case law is divergent with some decisions allowing refund when credit cannot be utilized, while others limit refund to situations meeting statutory conditions under the Cenvat Credit Rules and related provisions. Practical advice is to apply for refund with supporting documents before closure and pursue administrative and appellate remedies as necessary. en-us Mon, 02 Nov 2015 14:49:22 +0530 Thu, 23 Jan 2025 15:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109363 Whether an unutilized CENVAT credit balance is refundable on company closure is contested: the Department generally treats such balances as lapsed and resists cash refunds except in export-related cases; case law is divergent with some decisions allowing refund when credit cannot be utilized, while others limit refund to situations meeting statutory conditions under the Cenvat Credit Rules and related provisions. Practical advice is to apply for refund with supporting documents before closure and pursue administrative and appellate remedies as necessary. Discussion-Forum Service Tax Mon, 02 Nov 2015 14:49:22 +0530 https://www.taxtmi.com/forum/issue?id=109363